There are some commercial and tax advantages when using the
Iquique Tax Free Zone, that is, the 'Zona Franca De
Iquique'. Any company providing a product in Chile, especially
to the mining industry, should take some time to understand if the
free trade zone could be beneficial to their specific
circumstances.
From a commercial perspective, having product stored in the free
trade zone can decrease delivery time to customers for not only
Chile but also to Bolivia, Southern Peru and Argentina. As many of
the mine sites are remote, having the ability to dispatch product
quickly can be the difference between winning a contract or
not.
Companies with light corporate structures in Chile can also
benefit from the different companies that offer warehousing and
inventory control within the Zone Franca. This can save companies
from having to hire employees to manage the merchandise and keep
costs to a minimum.
